Russian Banking Giant VTB to Become Country’s First to Offer Spot Crypto Trading: Report
VTB Bank, Russia’s second-largest lender by assets, plans to start offering spot crypto trading to qualified investors next year, becoming the first institution in the country to allow clients direct, deliverable trading for major cryptocurrencies like bitcoin and ether , according to Russian media outlet RBU.
The facility will be offered to investors with portfolios exceeding $1.3 million or an annual income of over $650,000, Andrey Yatskov, head of brokerage services at VTB, said in an interview with RBU.
“Preparations are already underway for testing by ‘superqualified’ investors, but it’s clear that this status won’t become widespread.” he said.
Russia, like Iran and Venezuela, has increasingly turned…
